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Seattle Times coverage of pot policy, culture and lifestyle.

November 16, 2014 at 2:28 PM

Washington’s first pot auction brings in $600,000

The Associated Press

PROSSER — Washington state’s first marijuana auction brought in about $600,000.

The Tri-City Herald reports that Fireweed Farms of Prosser sold about 300 pounds of pot to state-licensed processors and retailers. Bidding took place under a black tent fronted by tall heaters, and the event was monitored by at least two representatives of the Washington Liquor Control Board. Bidders could smell plastic bags of buds before offering a bid.

The marijuana sold Saturday was planted in May and harvested between late September and mid-October. Fireweed Farms owner Randy Williams had sold some of his marijuana to recreational processors earlier this year, but the auction represented the bulk of his harvest.

He said he held the auction to “get rid of it all quick” so he could spend time with his grandson instead of packaging marijuana. The harvested and dried marijuana was priced by the gram and auctioned by the strain in lots ranging from about half a pound to five pounds.

Williams said he planned to donate proceeds from three lots, totaling $14,000, to local schools.

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